What’s the difference between BA and consulting?
1
How do you pick projects/decide what practices to focus on? I'm starting soon as a Consultant and I'm trying to figure out what to do. People have suggested finding a lane/niche early and staying there, is this the play? Not sure I want to stay at the firm long, but (a) I'd like to stay long enough that I don't have to be unemployed in a few years and (b) I'm concerned about not being able to get staffed. (C) how early should you start worrying about exits?
How are you a MC and asking questions like this
I don’t know. I was never really curious enough to figure it out
A company hires your firm to provide them temporary resources to do business analysis, you are a consultant. A company hires you full time to do business analysis, no consulting company involved, you are a business analyst
Not always true. Some consulting firms (like McKinsey and Deloitte) have you join as a Business Analyst out of undergrad and Consultant is a more senior level
What?
Honestly idek. That’s why I’m asking. Like I know I’m a consultant, but I do business analysis so why isn’t my title business analyst?
It’s just a nomenclature thing. The titles are different for whatever reason. Not important
In McKinsey: - For client facing roles (80% of the firm), everyone is in consulting / everyone is a consultant - of these consultants, there are several different level of seniority. In general (naming might change slightly based on path): you start as Business Analyst out of undergrad, then Senior Business Analyst, then Associate, then Engagement Manager, then Associate Partner, then Partner.
I appreciate the candor